I will be disappointed if we do not see a holdings RNS by the end of the week. What do others make of Larry's reported comments to Old Cobbler that the placing gives him more time to negotiate the centrals farm-out? Wouldn't that suggest we have some way to go before we get an announcement (bearing in mind the timetable suggests it could take until the end of Christmas)? Or is there reason to believe what Jimmy was suggesting before - that the farm-out has been agreed, license renewal is holding up the announcement and the placing helped to cover interim financing? I want to believe it's the latter given the "process" comments made by Larry and that he said he hoped to announce something "quite shortly".
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